Internal Control Procurement Process

Abstract

Rahimafrooz Distribution Bangladesh Limited has earned a reputation across Bangladesh. Despite competition among other companies operating in Bangladesh, both local and international, Rahimafrooz has made remarkable progress in all areas of its activities. The title of the current study is “Internal Control-Procurement Process.” In this report is focuses on Activities of Procurement and distribution. Under this there are two types of activities. One is Manager Procurement and Distribution and the other is officer Procurement and Distribution. Under these two they have some different activities. Thereafter I focused on the working process of purchase Department, Marketing Department, Finance and Accounting Department and Internal purchase of Rahimafrooz Distribution Limited. These four departments have different working process, different approval procedure, different suppliers, different suppliers handling process and different other activities to do. These four departments are different from one another and I have also found different findings from these four departments have made three flowcharts for these four departments which show the Procurement Process and their activities. Here I also focused on their problems put recommendations for solve those problems. This is mainly for the procurement process which are the internal activities if Rahimafrooz Distribution Limited. Without purchasing policy no company can make any business. This procurement policy is very important for any organization. Based on this policy a company can cut their cost and can earn more profit and also can maintain good relation with their vendors. So I think this policy is most important for any organization and this report will help to improve the Internal Procurement Process of Rahimafrooz Distribution Limited.

Rahimafrooz maintains some authorization process incase of purchase. By maintaining the authorization system the company can easily control the purchasing activities. By doing this the organization can acquire the reliability reputation and best control on inventory.